Cardano (ADA) update don't misout

It broke through key resistance at $0.30 and surged over 10% in just two days, outperforming Bitcoin and Ethereum.

ADA is currently trading above $0.30 and the 100 simple moving average on the 4-hour chart. There's a strong bullish trend line at around $0.3050, offering solid support.

On the upside, immediate resistance is near $0.328, with the next target at $0.332. But the big one is $0.350 – a close above that could lead to a rally towards $0.385!

If ADA encounters resistance at $0.328, it might dip. The first support is around $0.310, followed by a crucial level at $0.308 along with the trend line. A break below $0.308 could trigger a sharp decline towards $0.285.

Technical indicators show some loss of momentum in the bullish zone (MACD) and the RSI is above the 50 level, indicating potential for further gains.

Keep an eye on ADA's exciting journey in the crypto world #cardano #ada #crypto2023 #cryptocurrency #BTC